Indian Food Delivery App has converted itself into public listed company from private limited and expected IPO till late this year.
Swiggy is a quickcommerce food delivery copmany that has changed its name from Swiggy Private Limited to Swiggy Limited
Swiggy is planning to come up with $1 Billion IPO this year
Swiggy is a loss making mompany that has reported net loss of $500 Milllion in 2023
According to US asset management firm, the company is valued at $12.0 Billion
Ahead of IPO company is trying to improve the finencial conditions of the company by layinh off employees and bringing down cash burn.